The caretaker government announced on Sunday that petrol prices will remain unchanged for the next fortnight.
As detailed in the finance ministry’s official notification, it follows the Oil and Gas Regulatory Authority (OGRA) recommendations. Petrol will continue to be sold at the existing rate of Rs. 267.34 per liter, and High-Speed Diesel (HSD) at Rs. 276.21 per liter, ensuring stability in fuel prices as the country approaches significant events.
While petrol and HSD prices are maintained, there has been a reduction in kerosene and light-diesel oil prices. The rates for kerosene oil decreased by Rs 2.19 per liter, and light-diesel oil by Rs 1.11 per liter. This adjustment is part of the government’s effort to manage the overall energy pricing structure.
Previously, the caretaker government had reduced the prices of petrol and HSD by Rs 14 and Rs 13.50 per liter, respectively. The revised rates for kerosene oil and light-diesel oil were Rs 191.02 and Rs 164.64 per liter, following a significant reduction.
The State Bank of Pakistan (SBP), in its annual report, forecasted an inflation rate easing to 20-22 percent in the financial year 2023-24 (FY24). This prediction comes as the country prepares for the general elections scheduled for February 8, marking a crucial period for economic stability and policy-making.
